LivaNova PLC (LIVN)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 568,543 | 568,163 | 567,951 | 520,201 | 518,067 | 518,249 | 459,792 | 455,810 | 9,849 | 10,797 | 431,033 | 646,369 | 642,298 | 637,109 | 639,189 | 315,561 | 260,330 | 272,887 | 174,376 | 141,850 |
| Total stockholders’ equity | US$ in thousands | 1,277,630 | 1,225,470 | 1,240,610 | 1,227,340 | 1,207,620 | 1,146,960 | 1,282,000 | 1,291,850 | 1,294,640 | 1,299,500 | 1,028,670 | 1,055,130 | 1,109,260 | 1,350,790 | 1,333,190 | 1,392,710 | 1,377,960 | 1,495,280 | 1,483,330 | 1,486,810 |
| Debt-to-capital ratio | 0.31 | 0.32 | 0.31 | 0.30 | 0.30 | 0.31 | 0.26 | 0.26 | 0.01 | 0.01 | 0.30 | 0.38 | 0.37 | 0.32 | 0.32 | 0.18 | 0.16 | 0.15 | 0.11 | 0.09 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $568,543K ÷ ($568,543K + $1,277,630K)
= 0.31
The debt-to-capital ratio of LivaNova PLC has remained relatively stable over the past eight quarters. It ranged between 0.26 and 0.32, with a slight fluctuation but generally staying around 0.31. This indicates that, on average, approximately 31% of the company's capital structure is funded by debt, while the remaining percentage is financed by equity. The consistency in the debt-to-capital ratio suggests that LivaNova has maintained a balanced mix of debt and equity in its capital structure, which could be seen as a moderate level of leverage.
Peer comparison
Dec 31, 2023